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☆ CNBC Daily Open: Recession concerns still linger
▼ + stars: | 2024-09-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In terms of financial markets, financial firm BTIG sees a possible pullback. Last week's burst of euphoria was mostly driven by anticipation and celebration of the Fed's rate cut. Markets this week will look at the hard data coming out, like the preliminary measure of PMI, consumer confidence and PCE report.

Persons: QCOM, Brendan McDermid, It's, Piper Sandler, Nancy Lazar, Lazar, BTIG, Jonathan Krinsky, –, Alex Harring, Hakyung Kim, Brian Evans Organizations: New York Stock Exchange, Reuters, CNBC, Friday, FedEx, Nasdaq, Dow, PMI Locations: New York City, U.S

CNN —Multiple people opened fire Saturday night in a bustling area of Birmingham, Alabama, killing four people and injuring 17 others. Seventeen other people were injured, according to Birmingham Police Chief Scott Thurmond. Authorities believe the deadly shooting was a targeted “hit.”Here’s what we know about the mass shooting. “Someone was willing to pay money to have that person killed,” Birmingham Police Chief Scott Thurmond said Sunday. “All of a sudden it was just gunshots, gunshots, gunshots,” Eslami told CNN.

Persons: Truman Fitzgerald, Anitra, Tahj Booker, Carlos McCain, Scott Thurmond, Fitzgerald, Thurmond, Randall Woodfin, ”, Gabriel Eslami, ” Eslami, “, Eslami, didn’t, Dajon Singleton, WBMA, ” “, Singleton, WBMA.Singleton, Woodfin, “ Glock, ” Woodfin, Ban Glock, ” Fitzgerald, CNN’s Zoe Sottile, Raja Razek Organizations: CNN, Police, Anitra Holloman, Authorities, Birmingham Police, Birmingham Police Department, FBI, University of Alabama, Birmingham, WVRC, WVTM, Alcohol, Tobacco, Firearms, Explosives, US, Facebook, ” Authorities Locations: Birmingham , Alabama, Birmingham, Birmingham’s, State

☆ CNBC Daily Open: Some aren’t convinced of a soft landing
▼ + stars: | 2024-09-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Stephanie Keith | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In terms of financial markets, financial firm BTIG sees a possible pullback. Last week's burst of euphoria was mostly driven by anticipation and celebration of the Fed's rate cut. Markets this week will look at the hard data coming out, like GDP figures for the second quarter, consumer confidence and PCE report.

Persons: Stephanie Keith, It's, Piper Sandler, Nancy Lazar, Lazar, BTIG, Jonathan Krinsky, –, Alex Harring, Hakyung Kim, Brian Evans Organizations: New York Stock Exchange, CNBC, Friday, FedEx, Nasdaq, Dow Locations: New York City

We'll show you everything you need to know about how to watch the Chiefs vs. Keep reading to learn how to tune in, whether you have cable or are seeking out a live streaming option. How to watch Chiefs vs. Check price at FuboHow to watch Chiefs vs. Check price at DAZNHow to watch Chiefs vs.

Persons: Peacock, ExpressVPN Organizations: Business, Kansas City Chiefs, Chiefs, . Falcons, Atlanta, Super, Falcons, Philadelphia Eagles, US, NBC, Sunday, Football, Premium, NBC NFL, NFL Locations: America, United States, China

☆ Top NFL Week 3 storylines: Will Vikings or Texans go 3-0? Can Andy Dalton help Panthers?
▼ + stars: | 2024-09-22 | by ( Mike Jones | ) www.nytimes.com time to read: +10 min

The esteemed group: The Bills, Buccaneers, Chargers, Chiefs, Saints, Seahawks, Steelers, Texans and Vikings. Can Darnold continue his resurgence against a Texans defense that ranks third-stingiest in yards allowed and second in sacks through two games? Saints’ legitimacyIt seemed premature to get excited about the Saints’ 47-10 trouncing of the Panthers in Week 1, given Carolina’s issue. And is a Saints defense that has held opponents to just 14.5 points per game equally as legit? Can Dalton help stop the bleeding, or is this team as bad as it seems regardless of who starts at quarterback?

Persons: C.J ., DeMeco Ryans, Kevin O’Connell’s, Kirk Cousins, Sam Darnold, J.J, McCarthy, Darnold, Jim Harbaugh, Dobbins, Justin Herbert, Mike Tomlin’s, Justin Fields, Russell Wilson, Lamar Jackson, Reggie Hildred, It’s, Dallas —, Mike Macdonald, Anthony Weaver, Dennard Wilson, Patrick Queen, Jadeveon, Chase, Tee Higgins, Joe Burrow, it’s, Klint Kubiak, Derek Carr, Jalen, Brown, Saquon Barkley, DeVonta Smith, Dallas Goedert, Bryce Young, Dave Canales, Andy Dalton, Young, Frank Reich, Carolina QB Young, he’s, Canales, Dalton, Will Levis ’, Brian Callahan’s, Will Levis, Levis, Callahan, m. Organizations: NFL, Jets, Patriots, Sunday, Football, Jacksonville, Buffalo, Washington, Cincinnati, Bills, Buccaneers, Chargers, Chiefs, Saints, Seahawks, Steelers, Texans, Vikings, Colts, Falcons, Panthers, Darnold, NFC, Mike Tomlin’s Steelers, Ravens, AFC, —, Bengals, Broncos, Giants, Jaguars, Rams, Titans, Kansas City, Raiders, Dallas, Cowboys, New Orleans, Kubiak's Saints, Eagles, Philadelphia, Atlanta, Carolina QB, Bears Locations: C.J . Stroud, San Francisco, Minnesota, Stroud, New, J.K, Pittsburgh, Dallas, Kubiak's

Learn moreThe 2024 WNBA regular season has come to a close, but the Playoffs are just getting started. We've compiled everything you need to know about how to watch the WNBA Playoffs, including both cable and live streaming options. ET on ESPNHow to watch the WNBA Playoffs in the USRound 1 of the WNBA Playoffs will air across ESPN, ESPN2, and ABC. Check price at ExpressVPNHow to watch the WNBA Playoffs with a VPNSign up for a VPN if you don't already have one. WNBA Playoffs Round 1 scheduleRound 1 games tip-off on September 22.

Persons: We've, They'll, we'll, ExpressVPN Organizations: Business, WNBA, Las Vegas Aces, Seattle Storm, New York Liberty, Aces, Atlanta, Indiana Fever, Connecticut Sun, Minnesota Lynx, Phoenix Mercury, ESPN, ABC, Sling, ESPN Indiana, ABC Phoenix, ESPN Seattle, ESPN2, Orange, ESPN3, New York Liberty ESPN, Connecticut Sun ABC, Minnesota Lynx ESPN, Las Vegas Aces ESPN, Connecticut Sun ESPN, . Indiana Fever, Phoenix Mercury ESPN2 Locations: ExpressVPN, York, Connecticut, Minnesota, Vegas

☆ Election experts raise alarms about vote counting delays in battleground states
▼ + stars: | 2024-09-22 | by ( Fredreka Schouten | Sara Murray | ) edition.cnn.com time to read: +14 min

Election observers worry that delays in counting mail ballots could give the public a false sense of who’s winning the election. In Wisconsin and Pennsylvania, election officials are still barred from beginning to process mail ballots before 7 a.m. on Election Day – even though election workers in both states have clamored for change. Georgia's State Election Board members discuss proposals for election rule changes at the State Capitol in Atlanta on September 20, 2024. The new law could delay by an hour or more – depending on the county – the posting of unofficial early results, state election officials have said. In Maricopa County, the general election ballot covers both sides of two pages – twice the length of the ballot voters encountered four years ago.

Persons: CNN —, Seth Bluestein, Ann Jacobs, “, Al Schmidt, Donald Trump, Chris McGrath, Joe Biden, Donald Trump baselessly, Rudy Giuliani, Biden, Trump, ” Jacobs, parroting, Daniel Acker, ” Schmidt, ”, Jacobs, David Becker, Sen, Jeremy Moss, Moss, Mike Stewart, Harris, “ It’s, Karen Brinson Bell, I’ll, won’t, Robyn Beck, Stephen Richer, ” Richer, Katie Hobbs, Jennifer Liewer, Liewer, “ We’ve, ” CNN’s Ethan Cohen, Marshall Cohen, Jason Morris Organizations: CNN, Republican, Democratic, Keystone State, ” Police, Philadelphia Convention Center, White, Democratic Milwaukee, Biden, Wisconsin State Assembly, Trump, Reuters, ”, Workers, US, Department, Election Innovation, Research, National Conference of State Legislatures, Democratic Detroit, Capitol, Michigan Senate, State Capitol, North Carolina State Board, Getty, Republicans, Gov, Democrat Locations: Pennsylvania, Philadelphia, “, Wisconsin, Georgia, Keystone, Democratic, Kenosha , Wisconsin, Michigan, Detroit, Atlanta, North Carolina, Phoenix, AFP, Arizona, Maricopa County, Maricopa

☆ ’90s sitcom character Murphy Brown became the center of political controversy. Echoes of that are being felt today
▼ + stars: | 2024-09-22 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

Quayle’s “Murphy Brown” pronouncement made newspaper front pages and television broadcasts, and garnered a stumbling response from the White House. ‘Murphy Brown’ reflected women’s changing role in society“Murphy Brown” premiered on CBS in 1988, starring Candice Bergen as a fierce, acerbic news anchor of the same name. “I don’t think that we felt that we were igniting any controversy.”The controversy sparked a debate over ‘family values’Despite the “Murphy Brown” writers’ intentions, the storyline did ignite controversy. On May 19, 1992, a day after the “Birth 101” episode aired, Quayle delivered what’s now known as his “Murphy Brown” speech. Kevin Winter/Getty ImagesMore than 30 years later, it’s clear that the societal changes depicted in “Murphy Brown” are here to stay.

Persons: JD Vance’s, Sarah Huckabee Sanders, “, ” Sanders, Donald Trump, Kamala Harris doesn’t, Vance’s, Sanders, Harris, Harris ’, Trump, ”, It’s, George H.W, Bush, “ Murphy Brown ”, Dan Quayle, Murphy Brown, Quayle’s “ Murphy Brown, Quayle’s, ‘ Murphy Brown, Candice Bergen, Murphy, Diane English, Emily St, James, Vox, Quayle, Murphy’s, Barnet Kellman, Korby Siamis, ” Siamis, what’s, “ Murphy Brown, it’s, Weeks, Rodney King, Dan Quayle's, Kevin Rice, Lisa Schiffren, ” Kellman, Quayle’s Murphy Brown, he’d, English, Bill Clinton, Al Gore, JD Vance's, Quayle's, Kevin Winter, Bergen, Kellman Organizations: CNN, Arkansas Gov, White, CBS, Everett, South Central, Hollywood, Republicans, Republican, Globe, “ Locations: Flint , Michigan, Washington ,, Angeles, South, South Central Los Angeles, Vox

☆ South Carolina restarts executions after 13 years
▼ + stars: | 2024-09-21 | by ( The Associated Press | ) www.nbcnews.com time to read: +7 min

His last chance to avoid death was for Republican South Carolina Gov. South Carolina first tried to add the firing squad to restart executions after its supply of lethal injection drugs expired and no company was willing to publicly sell them more. South Carolina law allows condemned people to choose lethal injection, the new firing squad or the electric chair built in 1912. South Carolina restarts the death penaltySouth Carolina’s last execution was in May 2011. South Carolina has put 43 people to death since the death penalty was restarted in the U.S. in 1976.

Persons: Freddie Owens, couldn’t, Owens, Hillary Taylor, Freddie Eugene Owens, Chris Carlson, gurney, ”, Owens ’, Henry McMaster, thoughtfully, ” Owens, Khalil Divine Black Sun Allah, Irene Graves, Graves ’, Christopher Lee, Lee, Graves, Steven Golden, Prosecutors, “ Mr, Owens’s, Gerald “ Bo ” King Organizations: COLUMBIA, U.S, Supreme, Republican South Carolina Gov, McMaster, Correctional Institution, South Carolina, Prosecutors Locations: —, Carolina, Greenville, Columbia, Carolina’s, Broad, . South Carolina, U.S

☆ Some smaller stocks could see big gains as the Fed cuts rates. Here are a few
▼ + stars: | 2024-09-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Stocks with smaller market capitalizations are set to reap the benefits from the start of the Federal Reserve's latest rate-cutting campaign. Sarepta's total debt is more than one-and-a-half times bigger than its total equity. Civitas' total debt recently stood at about 79% of total equity. Chart's total debt currently eclipses its total equity by 1.4 times. "GTLS's core portfolio is comprised of natural gas, energy transition and renewables applications, where our outlook remains constructive," wrote analyst Devin McDermott.

Persons: Russell, Gavin Clark, Gartner, Clark, Zach Parham, Parham, Morgan Stanley, Devin McDermott Organizations: Dow Jones Industrial, Nasdaq, CNBC, Sarepta Therapeutics, ISI, Civitas Resources, Wednesday, JPMorgan, Civitas, Industries Locations: U.S, Cambridge, Sarepta, Friday's

☆ What Warren Buffett's recent moves say – and don’t say – about today’s market
▼ + stars: | 2024-09-21 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

And so it is with Warren Buffett's Berkshire Hathaway slashing its holdings in Apple and Bank of America in recent months. Buffett himself has indicated in recent years that he doesn't see an abundance of compelling value on offer in the public markets. But this in itself isn't much of a clue about future market prospects or the macroeconomic moment. Borgato says he believes "Buffett wants to leave a Berkshire behind that requires [fewer] future cash allocation decisions, not more." I'm not a buyer of the "cash on the sidelines" case for expecting money market assets to drain into stocks.

Persons: –, Warren Buffett's Berkshire Hathaway, Buffett, Ed Borgato, it's, pare Berkshire's, Greg Abel, Berkshire Hathaway, BRK.B QUAL, Ajit Jain, Trump, Borgato, Jared Woodard Organizations: Apple, Bank of America, Bank of, Buffett, Berkshire, Berkshire Hathaway, Washington Locations: Berkshire's, Berkshire, Apple, –

☆ Rate cuts might make it cheaper to buy a house, but they won't fix the US housing market's biggest problem
▼ + stars: | 2024-09-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

The Fed's interest rate cut will ease financing conditions for homebuilders, analysts told BI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe Federal Reserve's rate cut will surely impact the housing market, but its effect likely won't affect arguably the most important part of the equation: keeping affordability tight. But how this translates into a much-needed supply boost is a different story, and there are factors the Fed cut won't fix. Lingering uncertaintiesAdvertisementFor instance, Nanayakkara-Skillington noted that material pricing, from drywall to steel mill products, has weighed heavily on homebuilders since the pandemic.

Persons: —, it'll, NAHB's, Skillington, NAHB, Michael Neal, Fitch, Neal Organizations: Service, National Association of Home Builders, Urban Institute senior, Fitch

☆ Here are Cases of Trump Rivals Who Were Subject to Investigation
▼ + stars: | 2024-09-21 | by ( Michael S. Schmidt | Matthew Cullen | ) www.nytimes.com time to read: +20 min

After Mr. Trump fired Mr. Comey, Mr. McCabe opened a two-pronged investigation into whether Mr. Trump was a counterintelligence threat and was obstructing justice. Mr. Trump said he wanted to “get the I.R.S.” on Mr. McCabe and for him to be fired. Working with Mr. McCabe, Mr. Strzok opened the two-pronged investigation into whether Mr. Trump was a counterintelligence threat and was obstructing justice. What Trump wanted doneMr. Trump called Mr. Strzok a traitor and said he should be criminally investigated for his handling of the Russia investigation. What news organizations did that Trump did not likeJournalists from all three organizations covered the Trump presidency and the Russia investigation aggressively and used material that Mr. Trump felt had been leaked to hurt him.

Persons: Donald J, Trump, Marco Rubio, James B, Hillary Clinton, Robert S, Mueller III, James Comey, Comey, Clinton, Mr, “, Andrew G, McCabe, F.B.I, Comey’s, ”, Prosecutors, McCabe’s, Jeff Sessions, —, Peter Strzok, Strzok, Michael T, Flynn, Flynn’s, John F, Kerry Obama's, Kerry, Barack Obama, William P, Barr, Hilary Clinton, Sessions, Trump’s, John Durham, Michael D, Cohen Trump's, fixer, Cohen, Michael Cohen, Witch Hunt, John R, Bolton, Biden, John Bolton, Hillary, pardoning, subpoenaing Mr, White, Omarosa Manigault Newman, Manigault Newman, lowlife, ” Donald J, Stephanie Winston Wolkoff, Melania Trump, Wolkoff Organizations: Trump Rivals, America, Republican, CNN, Justice Department, Department, Trump, Mr, White, Federal, Biden Justice Department, Publicly, Prosecutors, Justice, U.S, Trump Justice Department, Clinton Foundation, FBI, DNC, of Prisons, News, Washington Post, The New York Times, Fake News, Bolton, White House, House Locations: Florida, Russia, Washington, Virginia, Clinton, Iran, Manhattan, New York, Maryland

☆ From frustration to excitement: The long, winding road of Alphabet's self-driving Waymo unit
▼ + stars: | 2024-09-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

A long road It's been a long and winding road for Waymo since its inception in 2009 as Google's self-driving car project. The robotaxi service now has about 700 autonomous vehicles on the road across its markets. That changed about a year ago , when Uber added Waymo vehicles to its app. In February, Waymo recalled 444 of its vehicles after two Waymo vehicles hit a towed pickup truck in Phoenix. A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024.

Persons: Uber, Waymo, Tesla, it's, Jim Cramer, Jim, Morgan Stanley, Cowen, Cowen's — Bernstein, Brad Erickson, Andreessen Horowitz, Alphabet's, Ruth Porat, Erickson, Dara Khosrowshahi, Cruise, Uber's Khosrowshahi, Ethan Teicher, Tesla's, Jim Cramer's, Patrick T, Fallon Organizations: Waymo, Austin, RBC Capital Markets, CNBC, Bank of America, Aurora Innovation, General Motors, AFP, Getty Locations: West Coast, Atlanta, Austin , Texas, Phoenix, San Francisco, Los Angeles, U.S, Waymo, Austin, San Francisco , Los Angeles, Los Angeles , California

☆ A top-1% fund manager warns Warren Buffett is behaving like he did before the dot-com crash — and says the S&P 500 could see dismal returns for a decade
▼ + stars: | 2024-09-21 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He's also outperformed the S&P 500 over that time by returning 14% per year on average versus the index's 13.8% annualized gains. Between July and September 1999, Buffett shared his outlook for the market in a series of talks that were summarized by Fortune's Carol Loomis in November of that year. AdvertisementSince then, however, investors have enjoyed 15 years of ultra-low interest rates and growing corporate profits — a fact that has Smead worried. "The only problem is it's a curse on long-term S&P 500 performance," Smead said of the 15-year run. Related storiesBaked into Smead's outlook is an against-consensus view that inflation is set to surge again as the Fed cuts interest rates.

Persons: —, Bill Smead, Warren Buffett, Charlie Munger, Smead, Munger, He's, Buffett, Fortune's Carol Loomis Organizations: Service, Business, Morningstar, Apple, Bank of America

NBC News interviewed 10 women who say they gave birth with Baker, two in Wisconsin before 2014 and eight in Mexico in the years since. On social media, accounts with the usernames “Heather Baker Midwife” and “heatherbakermidwife,” one of which had her photo, sent “cease and desist” messages to Nosek and another former client. John Beard, a spokesperson for the Wisconsin licensing agency, declined to answer questions about Baker, citing an ongoing investigation. After an initial check when Baker arrived, Nosek told NBC News, Baker checked his heartbeat only four times after her labor began. Baker, Nosek said, tried to resuscitate him.

Persons: Jennifer Nosek’s, Heather Baker, Nosek, ”, Nosek’s, Baker, isn’t, Rene Lamos Nosek, she’d, Baker’s, Baker didn’t, “, ” Caroline Clancy, John Beard, didn’t, Jordan, ” Nosek, “ I’m, Rene Lemos, Joaquin, wouldn’t, Stephanie Mitchell, ” Baker, Mexico’s, Aviva Romm, Romm, Misoprostol, Anna Moneymaker, aren’t, Gynecologists, Luciana Suarez, Luciana Suarez Luciana Suarez, Suarez, Luciana Suarez “, Heather, ” Suarez, ” Misoprostol, Becky Whitmore, Kate McLean, “ That’s, ” Robin Benedict, Allan Spencer, Robin Benedict Heather Baker, Robin Benedict's, Robin Benedict Robin Benedict, Benedict, Jennifer Nosek, Laurita, Lemos, Lemos couldn’t, ” Lemos, He’s, Baker scribbled, who’d, they’d, Julian Zaire, Jackie Dives, Sayulita, Luciana Suarez’s, Thai Shaffer, Julian, you’ll Organizations: Canadian, NBC, FBI, Wisconsin Department of Safety, Professional Services, NBC News, Milwaukee, Jordan Siemens, Getty, Services, American College of Obstetricians, OB, PayPal, American College of, ” Locations: Sayulita, Mexico, Nosek’s, Wisconsin, Nayarit, Mexican, U.S, Canada, Alabama, contrx, Washington, American, Nosek, British Columbia, Joaquin

☆ Pfizer is a bottoming stock that will pay you to wait for the comeback, says Carter Worth
▼ + stars: | 2024-09-20 | by ( Carter Braxton Worth | ) www.cnbc.com time to read: +2 min

Former pharmaceutical champion Pfizer (PFE) , down 52% from its December 2021 all-time high, is judged to be in the throes of a "bearish-to-bullish" Reversal. Pfizer, the laggard the past year: Is now... Pfizer, the leader the past month: By our work, PFE represents a compelling "value play". And with a 5.73% dividend yield, one "gets paid" to wait as the stock continues to bottom. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Carter Braxton Worth Organizations: Pfizer, pharma, Pharmaceuticals Industry Group, CNBC, NBC UNIVERSAL

☆ I work as a private chef on board a luxury yacht in the British Virgin Islands. Here's what I make for my guests in a day.
▼ + stars: | 2024-09-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with Hannah Staddon, a 31-year-old private chef who works onboard the Mucho Gusto, a luxury charter in the British Virgin Islands. So, my partner and I started looking for a boat together, and we ended up working together on board Mucho Gusto. Mucho Gusto charter. Mucho Gusto charter. Mucho Gusto charterWe have an age limit of 12 on board the yacht.

Persons: —, Hannah Staddon, I've, It's, haven't, benedict, waffles, Staddon, there's, Dominic, platters Organizations: Service, Business Locations: British Virgin, South Africa

☆ The big post-Fed rally could get tested in week ahead: 'A lot holds in the balance' of the next few days
▼ + stars: | 2024-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The Dow Jones Industrial Average topped 42,000 this week for the first time ever, while the S & P 500 breached the 5,700 milestone, after the Federal Reserve cut interest rates by a half-percentage point. "A lot holds in the balance of the next couple or few days," said Katie Stockton, founder at Fairlead Strategies. .SPX 5D mountain S & P 500 On Friday, the 30-stock Dow, the S & P 500 and the Nasdaq Composite each closed higher by more than 1% for the week. The breakout is "'pending confirmation,'" Stockton said. Overall, Stockton expects that the longer-term setup for the S & P 500 is "a bit overdone."

Persons: Katie Stockton, Stockton, That's, Sam Stovall, Gee, Christopher Waller, Jerome Powell, Stovall Organizations: Dow Jones, Federal Reserve, Dow, Nasdaq, Stockton, CFRA, Fed, Chicago, PMI, Richmond Fed, New, Micron Technology, Transportation, . Kansas City Fed Manufacturing, Costco Wholesale, PCE Deflator, PCE Locations: . Kansas, Michigan

☆ What lower rates mean for markets
▼ + stars: | 2024-09-20 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

The Fed on Wednesday lowered interest rates, marking the first rate cut since March 2020. A decline in interest rates should, theoretically, mean good news for the stock market. The Fed likely won’t take rates lower as aggressively as they were raised, unless the economy takes a downturn and necessitates loose economic conditions. While mortgage rates and bond yields have begun drifting lower, companies and consumers still might not feel the effects of lower rates right away. But investors with outsized positions in Big Tech stocks should eye beaten-down areas of the market that benefit from lower interest rates, says Diton.

Persons: Dow, Jerome Powell, ”, Jeff Buchbinder, Powell, Eric Diton Organizations: New, New York CNN, Federal, Fed, Nasdaq, LPL, Wealth Alliance, Tech, Meta, Apple, Big Locations: New York, Big Tech

☆ Watch: Biden delivers remarks at the Economic Club of Washington, D.C.
▼ + stars: | 2024-09-19 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: 1 min

[The stream is slated to start at 1:15 p.m. Please refresh the page if you do not see a player above at that time.] President Joe Biden is speaking at the Economic Club of Washington, D.C., on Thursday, where he is expected to celebrate falling inflation and interest rates. The president's remarks come the day after the Federal Reserve announced its decision to cut interest rates by a surprisingly aggressive 50 basis points. "The declines in inflation and interest rates are welcome, but no one's declaring victory," National Economic Council Director Lael Brainard told reporters ahead of Biden's remarks.

Persons: Joe Biden, Lael Brainard, Biden's Organizations: Economic, of Washington, of Washington , D.C, Federal Reserve Locations: of Washington ,

☆ Don't let Abbott Labs' litigation overhang keep you out of the stock
▼ + stars: | 2024-09-19 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer has been debating swapping Morgan Stanley for Goldman Sachs , which he argued is a "cheaper and better" bank option. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Morgan Stanley, Goldman Sachs, Jim, Lisa Su, Su, Piper Sandler, Abbott, Stocks, Jim Cramer's Organizations: CNBC, Federal Reserve, Nasdaq, Dow, Nvidia, Micro Devices, Micro, AMD's, Abbott Labs, Darden, AMD Locations: Turin

☆ Wall Street hits records — here are the winners and the losers after the Fed rate cut
▼ + stars: | 2024-09-19 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Salesforce was having a strong session as well, taking in stride the late-day Wall Street Journal report that Disney will no longer use Salesforce-owned Slack after a data hack. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Dow, Jim Cramer's, Lisa Su, Salesforce, Slack, Procter & Gamble, Jim Organizations: CNBC, Federal Reserve, Nasdaq, Tech, Devices, Journal, Disney, Barclays, Treasury, Procter, Fed, FedEx, Jim Cramer's Charitable Locations: Procter &

A $35,000 reward was available for information leading to Couch’s capture, according to the Kentucky State Police. The search area for Joseph Couch is seen in a photo released by Kentucky State Police spokesperson Scottie Pennington on September 9, 2024. We could have asked him what his intentions were,” Laurel County Sheriff John Root said at a Wednesday news conference. “Our one goal was to have this guy recovered.”Burnett said the couple will receive a $15,000 reward from Laurel County Crime Stoppers and a $10,000 reward from a private donor. People’s been in fear, that’s not the normal here in Laurel County,” Root said.

Persons: –, Daniel Boone, Joseph Couch, ”, Fred, Sheila McCoy, Couch, ” Fred McCoy, “, Fred McCoy, Scottie Pennington, Phillip Burnett Jr, ” Burnett, Burnett, haven’t, John Root, Root, We’re, Couch texted, couldn’t, – Couch, Jackie Steele, ” Root, “ We’ve, we’ve, People’s, that’s Organizations: CNN, Daniel Boone National Forest, Kentucky State Police, Los Angeles and New York City, YouTube, Mount Vernon Fire Department, Police Locations: Los Angeles and New, London , Kentucky, Laurel County, Frankfort, London, Kentucky, Laurel, Knox, Washington, Seattle, Tacoma

7:03 a.m.: Bernstein cuts price target on Nike amid innovation critiques Bernstein sees slightly less room for Nike to rebound. — Alex Harring 6:25 a.m.: Jefferies recommends buying NextEra Energy Partners despite buyout concern Jefferies came out of the gates optimistic on NextEra Energy Partners . Analyst Julien Dumoulin-Smith initiated coverage of the Florida-based renewable energy stock at a buy rating. — Alex Harring 5:54 a.m.: AI helps HubSpot compete, BofA says Bank of America is keeping an eye of HubSpot's artificial intelligence work. — Alex Harring 5:46 a.m.: JPMorgan says to sell Five Below JPMorgan turned bearish on Five Below , citing challenges that are hard to surmount for the value-focused retailer during a tough year.

Persons: Piper Sandler, Bernstein, Aneesha Sherman, Sherman, Alex Harring, BTIG, it's, Jake Fuller, Fuller, DoorDash, — Alex Harring, Jefferies, Julien Dumoulin, Smith, Hertz, Dan Levy, Levy, Avis, HubSpot, BofA, BofA's Brad Sills, Sills, monetization, Matthew Boss, Boss, Abbott, Adam Maeder, necrotizing, ABT, Maeder, Fred Imbert Organizations: CNBC, Laboratories, JPMorgan, Nike, Dow Jones, Jefferies, NextEra Energy Partners, Barclays, Hertz, Bank of America, LSEG, Abbott Laboratories Locations: Wednesday's, Florida, Thursday's premarket

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